Central Garden & Pet Stock Gaps Down On Today's Open (CENT)
Shares of Central Garden & Pet Company (Nasdaq:CENT) were gapping down Friday morning with an open price 17.8% lower than Thursday's closing price. The stock closed at $8.28 yesterday and opened today's trading at $6.81.
NEW YORK ( TheStreet) -- Shares of Central Garden & Pet Company (Nasdaq: CENT) were gapping down Friday morning with an open price 17.8% lower than Thursday's closing price. The stock closed at $8.28 Thursday and opened today's trading at $6.81. The average volume for Central Garden & Pet has been 78,200 shares per day over the past 30 days. Central Garden & Pet has a market cap of $116 million and is part of the consumer goods sector and food & beverage industry. Shares are down 15.9% year to date as of the close of trading on Thursday. Central Garden & Pet Company produces and sells products for the pet, and lawn and garden supplies industries primarily in the United States. The company has a P/E ratio of 10, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Central Garden & Pet as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Central Garden & Pet Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.